avatar

Camelot Launched stATOM/stETH Pool on Arbitrum incentivized with $STRD and $GRAIL

Camelot Launched stATOM/stETH Pool on Arbitrum incentivized with $STRD and $GRAIL

Camelot DEX has launched a new stATOM/stETH pool incentivized with $STRD and $GRAIL tokens. The pool marks the first use-case of stATOM outside the Cosmos ecosystem.

This expansion is expected to attract non-Cosmos DeFi users and facilitate stATOM trading on DEXes outside the Cosmos. Despite previous attempts to establish use-cases for $ATOM outside the Cosmos, these efforts were not highly successful.

The development is seen as a positive step towards the growth of Cosmos-native DeFi. In the future, stATOM may appear on other non-Cosmos DEXes and potentially serve as collateral for non-Cosmos applications.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DEX

Cosmos

DeFi

In This Article

Related News
Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow
Sui DEX Cetus Protocol restarts platform after recovering from $223 million exploit Sui DEX Cetus Protocol restarts platform after recovering from $223 million exploit
Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit
Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Latest News More More
6 Hours Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
6 Hours Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
3 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open